Income Tax
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Mass Relief on 234E Fees: ITAT Deletes Levy for Pre-01.06.2015 Period
Penalty Deleted as AO Failed to Specify Exact Section 271(1)(c) Charge: Delhi HC
Penalty Quashed as Notice Failed to Specify Exact Section 271(1)(c) Charge: ITAT Raipur
DVO Valuation Without Notice Invalid: Matter Remanded for Fresh Determination
Section 56(2)(x): Stamp Value on Booking Date to Apply – ITAT Deletes Addition
Past Savings Accepted: Small Cash Introduction Cannot Be Treated as Unexplained
Reassessment for AY 2015-16 Time-Barred – ITAT Quashes Entire Penny Stock Addition
No Penalty on Estimated Bogus Purchases: ITAT Deletes U/s 271(1)(c) Levy
Concise Manual for Non-Profit Organizations under Income Tax Act 2025
On-Money Addition Based on Excel Sheet Deleted: No Corroborative Evidence
Section 68 Additions Fail: Documentary Evidence Cannot Be Ignored Without Enquiry
Commission Disallowance Remanded – 133(6) Non-Response Not Sufficient; Ad-hoc Expenses Cut to 10%
CAAS Moves Supreme Court on ITAT Vacancies
ITAT Condones Delay Due to Illness & Age; Remands Case as Gratuity Disallowance Made Without Examining Evidence
Latest Income Tax News
Income tax is the part of your income which you are required to pay to the Indian government for funding various infrastructural developments, pay salaries to those who are employed by the central or the state governments, etc. All the taxes which are imposed are based on law, and the law which governs provisions about taxes on income is the Income Tax Act, 1961.
Income tax needs to be paid by each and every individual, Hindu Undivided Family, Association of Persons, Body of Individuals, companies, corporate firms, local authorities and every artificial juridical person generating any income based on the income tax slab rates.
Income tax might seem to be a tedious tax for most us, and it has a lot to do with the fact it involves a lot of nitty-gritty and details while calculating and in paying income tax. However, if you need a clear picture about income tax which is simple and easy to understand then you are at the right place.
Get all the latest news on income tax with Taxguru. We will offer you all the insight and details about all the updates and trending news on income tax. Get a comprehensive coverage of income tax-related news and regular updates on income tax circulars.
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Find all the latest developments and amendments to the Income Tax Act. Get to know all the tips and tricks on how to save income tax and develop your own income tax planning work plan. We keep updating our portal regularly so that you don’t miss out on anything.
